Om Power Transmission Q2 Revenue at Rs 128.29 Crore, Net Profit at Rs 13.85 Crore

Revenue for the quarter reached Rs 128.29 crore, up from Rs 82.01 crore in the year-ago period, while net profit rose to Rs 13.85 crore from Rs 6.39 crore.

Reader Takeaway: Strong top-line growth is offset by the ongoing deployment of remaining IPO proceeds for capital expenditure projects.

What just happened

Om Power Transmission Ltd (OPTL) released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company saw a significant surge in both revenue and profitability compared to the same period in the previous fiscal year. Alongside the results, the company disclosed the incorporation of a new subsidiary, OPTL Green Energy Private Limited, established on October 5, 2026.

Why this matters

The jump in quarterly net profit from Rs 6.39 crore to Rs 13.85 crore reflects improved operational efficiency and market demand. The move into the green energy sector via a new subsidiary indicates a strategic pivot toward renewable energy, which may diversify the company’s revenue streams in the coming quarters.

IPO Proceeds Utilization

As of September 30, 2026, the company has utilized Rs 11,829.12 lakh of the Rs 13,256.25 lakh raised in its IPO. Key highlights include:

• Working Capital: Fully utilized at Rs 5,500.00 lakh.
• General Corporate Purposes: Fully utilized at Rs 2,810.82 lakh.
• Machinery Capital Expenditure: Rs 45.56 lakh utilized against a budget of Rs 1,120.94 lakh.

What to track next

Investors should monitor the operational rollout of OPTL Green Energy Private Limited and the pace of machinery procurement, as a significant portion of the IPO budget allocated for capital expenditure remains to be spent.